Spot Rates Point Down

According to the latest research, load volume and average truckload rates drifted downward during the week ending Jan. 31.

The number of loads posted on DAT boards fell 6.1% and the number of trucks posted increased 0.1% compared to the previous week.

Some key metrics from DAT Trendlines for the week:

• Stormy weather, seasonal norms
• The national average van rate fell 2 cents to $1.94 per mile (the line-haul portion of the rate slipped 1 cent and the average fuel surcharge lost 1 cent), in line with seasonal norms.
• The first big winter storm of 2015 was a test for supply chain managers and carriers who added equipment, hired more operational employees, and improved procedures and infrastructure after last year’s transportation fiasco.
• The average spot van rate out of Buffalo rose 12 cents to $2.15 per mile last week, but in general snowy weather in the Northeast had a marginal effect on the market.

The national average flatbed rate remained at $2.21 per mile, while the rate for refrigerated freight fell 3 cents to $2.24.

Van, reefer load-to-truck ratios fall: Van freight availability continued a seasonal adjustment with an 8.4% decline in the number of van loads posted to DAT load boards. Available van capacity increased 19% compared to the previous week.

The van load-to-truck ratio dropped from 2.2 to 2.0 loads per truck, meaning there were 2.0 van loads posted for every available van on DAT load boards last week.

Demand for reefers declined 7.3% and capacity added 3.6% in a typical trend for late January. The reefer load-to-truck ratio fell from 6.9 to 6.1 reefer loads per truck.

Flatbed load availability dipped 3.2% and capacity edged up 0.2% last week. The resulting flatbed load-to-truck ratio held steady at 10.0 loads per truck.

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Category: Featured, General Update